The Michigan State show...revised for Sunday
291fifth
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Heavy attendance on Friday, good attendance on Saturday. This is a typical pattern.
Many, many collector coins in evidence. Fewer Morgans and gold coins than expected. If you were willing to look you could find many coins worth buying, both slabbed and unslabbed.
A good amount of paper money available. One dealer was nearly forcing customers to look at his stock. He was so aggressive that he was turning-off potential customers. Significance, if any, unknown.
Modern proof sets were very soft.
I asked for a price on some of the early (1959) Heraldic Art medals. I nearly dropped over when I heard what he was asking. I was thinking $25-30 for the 3 medals...he was asking $80...no sale. It may be that I am out of touch with the market for these, but if they really cost that much I don't have any further interest.
Picked up a sample slab from ANACS. The ANACS table was manned by a non-grader. Asked him a question about getting a coin slabbed with a special commemorative line added to the holder. He wasn't able to answer my question. No opinions were being given. Many individuals were stopping at the table expecting opinions and it was obvious they weren't happy with what they were hearing. The man at the table said the opinions policy was under review. My opinion: ANACS really needs to get its act together (and I am not in any way negative toward ANACS!)
Gave my coin to be slabbed with the special commemorative inscription to SEGS. Larry Briggs was at the table and was very helpful. The coin, a nice XF-AU shield nickel, isn't of great value but has sentimental value as it was the final door prize given out by my coin club at its final meeting last June.
SUNDAY: The 1959 Heraldic Art 3 medal set finally got me to give in and go back to the show. I arrived just in time as the dealer was starting to break his table down. The price came down to $70 and I bought it. What finally convinced me to buy it was the fact that it was in a custom lucite holder...I had never seen the holder before. So, I now have an example of what I consider to be the first medal of the modern era, the Heraldic Art Alaska medal. As a bonus, I also have the Hawaii and St. Lawrence Seaway medals as well, all in silver.
I talked with a few dealers on the floor and they mentioned that paper money seemed to be in a slump. Maybe that explains the overly aggressive paper money dealer I encountered on Saturday.
Overall, business was apparently good, especially on friday, but only if you had nice, problem-free collector material.
I didn't hear any comments on how the auction went.
Many, many collector coins in evidence. Fewer Morgans and gold coins than expected. If you were willing to look you could find many coins worth buying, both slabbed and unslabbed.
A good amount of paper money available. One dealer was nearly forcing customers to look at his stock. He was so aggressive that he was turning-off potential customers. Significance, if any, unknown.
Modern proof sets were very soft.
I asked for a price on some of the early (1959) Heraldic Art medals. I nearly dropped over when I heard what he was asking. I was thinking $25-30 for the 3 medals...he was asking $80...no sale. It may be that I am out of touch with the market for these, but if they really cost that much I don't have any further interest.
Picked up a sample slab from ANACS. The ANACS table was manned by a non-grader. Asked him a question about getting a coin slabbed with a special commemorative line added to the holder. He wasn't able to answer my question. No opinions were being given. Many individuals were stopping at the table expecting opinions and it was obvious they weren't happy with what they were hearing. The man at the table said the opinions policy was under review. My opinion: ANACS really needs to get its act together (and I am not in any way negative toward ANACS!)
Gave my coin to be slabbed with the special commemorative inscription to SEGS. Larry Briggs was at the table and was very helpful. The coin, a nice XF-AU shield nickel, isn't of great value but has sentimental value as it was the final door prize given out by my coin club at its final meeting last June.
SUNDAY: The 1959 Heraldic Art 3 medal set finally got me to give in and go back to the show. I arrived just in time as the dealer was starting to break his table down. The price came down to $70 and I bought it. What finally convinced me to buy it was the fact that it was in a custom lucite holder...I had never seen the holder before. So, I now have an example of what I consider to be the first medal of the modern era, the Heraldic Art Alaska medal. As a bonus, I also have the Hawaii and St. Lawrence Seaway medals as well, all in silver.
I talked with a few dealers on the floor and they mentioned that paper money seemed to be in a slump. Maybe that explains the overly aggressive paper money dealer I encountered on Saturday.
Overall, business was apparently good, especially on friday, but only if you had nice, problem-free collector material.
I didn't hear any comments on how the auction went.
All glory is fleeting.
0
Comments
<< <i>the show was indeed crowded on Friday and a little less so today. why didn't you join us for dinner last night?? the auction looks like it should be quite good this evening with plenty of fresh material. what did you buy, fifth?? >>
I drove in from Chicago yesterday. I was there for Thanksgiving. Dealers I know reported the heavy friday attendance. I didn't buy anything. No one had the Coin World mint medals (bronze San Francisco, Denver and Dahlonega I was looking for.)
The auction viewing seemed active.
<< <i>Modern proof sets were very soft. >>
That is because Val Webb and I got to all them first!!!
Many of the dealers with tables reported numerous and frequent sales, but they also said that most transactions were usually for fairly small amounts of money.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>i like to listen to the dealers as i look at coins. i overheard two of them late Saturday, with one telling the other "Last year they were paying strong for spotted crap, now noone wants to buy anything" as they stood behind an empty table as the crowd thinned. that rated as the comment for the weekend. >>
But....But....Aren't spotted coins "original"? I thought everyone wanted original coins.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire